Risk Analysis of Construction Projects Based on Markov Chain

@article{Sujiao2009RiskAO,
  title={Risk Analysis of Construction Projects Based on Markov Chain},
  author={Zhang Sujiao},
  journal={2009 Asia-Pacific Conference on Information Processing},
  year={2009},
  volume={1},
  pages={514-517}
}
  • Zhang Sujiao
  • Published 2009 in
    2009 Asia-Pacific Conference on Information…
Construction projects are plagued by risks and often suffered poor performance as a result. There are a number of risk analysis techniques available to help alleviate this, but commonly practiced static risk analysis approaches fail to fit with the dynamic nature of construction project process. In this paper, a method based on Markov chain model is… CONTINUE READING